2, FIR TREE CLOSE, HIGHWOODS, COLCHESTER, CO4 9SY - £300,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 FIR TREE CLOSE is a very small extended detached house of 77m², built sometime between 1983 and 1990. It was last sold for £300,000 in July 2018, which was around 31% below the average July 2018 detached price in the Colchester local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

2 FIR TREE CLOSE Sold Prices

Land registry data shows three sales for 2 FIR TREE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 2 FIR TREE CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 4 JUL	£300,000	£433,026	31% below HPI
2013 10 SEP	£205,000	£299,937	32% below HPI
1998 26 MAY	£72,500	£108,542	33% below HPI

2 FIR TREE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The three 2 FIR TREE CLOSE sales between May 1998 and July 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2013 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2018 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 2 FIR TREE CLOSE?

2 FIR TREE CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in September 2024. This puts it in the smallest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 2 FIR TREE CLOSE lies on this distribution: 11% of detached houses are smaller than 2 FIR TREE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Colchester.

2 FIR TREE CLOSE: Plot and Title Map

2 FIR TREE CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 2 FIR TREE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 FIR TREE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 FIR TREE CLOSE?

2 FIR TREE CLOSE is located in HIGHWOODS, in the CO4 postcode district. The below map shows the position of No. 2 on FIR TREE CLOSE.